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Diamondback Energy, Inc. (NASDAQ:FANG) is included among the 15 Dividend Growth Stocks with the Highest Growth Rates.
Diamondback Energy, Inc. (NASDAQ:FANG) is an independent oil and gas producer with operations focused in the Permian Basin, a region spanning Texas and New Mexico known for its rich shale resources. The company specializes in extracting oil and natural gas through horizontal drilling and hydraulic fracturing, giving it a strong foothold in one of the most productive energy regions in the US.
On October 20, Susquehanna analyst Charles Minervino lifted the firm’s price target on Diamondback Energy, Inc. (NASDAQ:FANG) to $188, up from $182, while maintaining a Positive rating on the stock. The update comes as the firm revises its estimates and price targets for exploration and production (E&P) companies ahead of third-quarter earnings.
In its latest forecast, Susquehanna trimmed its Q4 WTI crude oil price assumption to $62.50 per barrel, though it kept the 2026 outlook unchanged at $65 per barrel.
Diamondback Energy, Inc. (NASDAQ:FANG) started paying dividends in 2018 and has raised its payouts multiple times since then. It currently offers a quarterly dividend of $1.00 per share and has a dividend yield of 2.74%, as of October 30. In the past five years, FANG has raised its payouts at an annual average rate of 24.33%.
While we acknowledge the potential of FANG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 13 Most Undervalued Dividend Stocks to Buy According to Wall Street Analysts and 11 Best FTSE Dividend Stocks to Buy Right Now.
Disclosure: None.
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